PARLIAMENTARY WRITTEN QUESTION
(14 January 2025)
Question Asked
To ask the Secretary of State for Energy Security and Net Zero, what recent estimate his Department has made of the cost of delivering Net Zero.
Asked by:
James McMurdock (Independent)
Asked by:
James McMurdock (Independent)
Answer
The Net Zero transition is critical to sustainable UK growth because of the economic costs of unmitigated climate change.
The Office of Budget Responsibility (OBR) published its analysis of the cost of reaching net zero by 2050 in chapter 3 of the July 2021 edition of its UK Fiscal Risk Report. As the OBR has noted, “the costs of failing to get climate change under control would be much larger than those of bringing emissions down to net zero.
Answered by:
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